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Barclays Sets Up GBP100m Tech Fund

Barclays has launched a GBP100m fund for UK tech firms designed to facilitate growth in the rapidly evolving sector by firms that are unwilling to sacrifice an equity stake. Individual businesses will be offered up to GBP5m over a three-year period to invest as long as they have already secured venture capital financing, bringing the UK into line with America, which already offers similar options. British technology firms have enjoyed rapid growth in recent years, making them an attractive proposition for investors including banks.

Read the whole story at The Drum »

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